00:00It's Benzinga bringing Wall Street to Main Street.
00:02Qualcomm exceeded fourth quarter projections with earnings and revenue
00:05both surpassing analysts' expectations.
00:08The chipmaker forecasts revenue for the December quarter exceeding analysts' midpoint target.
00:13The chipmaker has also traditionally relied on the smartphone market,
00:16supplying various chips including processors, modems, and antennas to handset manufacturers.
00:22The company's chips power most high-end Android devices and some lower-end phones.
00:27Its 5G modem contract with Apple extends through 2026.
00:31Shares surged 10% post-report before settling at a 4% gain.
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